An unknown buyer entered into a purchase and sale agreement to acquire certain oil and natural gas leasehold rights from Daleco Resources Corp. (OTCBB:DLOV.E) on October 6, 2013. The purchase price is subject to adjustment as to any title defect that is not cured within the time frame permitted by the agreement. A first amendment was entered into on December 5, 2013, extending the closing date to December 17, 2013. On December 16, 2013, a scecond amendment was entered into by Daleco Resources Corp and the buyer to extend the closing date to January 16, 2014. On December 17, 2013, Daleco Resources Corp sold a part of certain oil and natural gas leasehold deep rights for approximately $0.5 million. On January 13, 2014, a third amendment was entered into by Daleco Resources Corp and the buyer to extend the delayed closing date to February 17, 2014.

An unknown buyer cancelled the acquisition of certain oil and natural gas leasehold rights from Daleco Resources Corp. (OTCBB:DLOV.E) on August 18, 2014.